Urban One, Inc. has reported its financial results for the second quarter ending June 30, 2025. The company's net revenue was $91.6 million, marking a 22.2% decrease compared to the same period in 2024. Urban One experienced a net loss of $77.9 million during the quarter, with a loss per share of $(1.74), compared to a net loss of $45.4 million or $(0.94) per share in the same quarter of the previous year. The company's operating loss increased to $120.7 million from $60.4 million in the second quarter of 2024. Additionally, adjusted EBITDA was $14.0 million, down from $28.9 million in the same period last year. Alfred C. Liggins, III, the CEO and President of Urban One, attributed part of the company's performance to weaker than expected results in their Reach Media and Digital segments. The timing of the annual Tom Joyner Fantastic Voyage also impacted revenue, as it generated $9.6 million in the second quarter of 2024 but is scheduled to occur in the fourth quarter this year. The Reach Media segment faced challenges due to client attrition and lower CPMs, leading to losses, while the Digital segment experienced lower advertising demand and reduced streaming CPMs. Core radio advertising decreased by 11.8% when excluding digital.